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Dec 26, 2012
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president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm woul
president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech....
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Dec 26, 2012
12/12
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you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what i've been dealing with all day. you look at the chart. we've been in a pretty well defined trend channel for a month or so. right now we've come to the top of it. the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge t
you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what...
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Dec 24, 2012
12/12
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with the obama white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate. he is the president of the united states. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> as a practical matter it's already too late for employers to accurately withhold taxes from january paychecks unless there is no change. so workers will feel immediately that 2% hike in the social security tax in those first january pay checks. bill? >> hampton, good to see you. merry christmas. we'll see you later. >> merry christmas to you. >> our next guest says he is unlikely to support any deal the president and speaker can come up with. republican senat
with the obama white house. >> the president's statement is right. no one wants taxes to go up on the middle class. i don't want them to go up on anybody. i'm not in the majority of the united states senate. he is the president of the united states. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new programs. he...
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Dec 24, 2012
12/12
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obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill just wasn't as important. carl, back to you. >> i'll take it, rick. thank you. rick santelli. coming up next why some people are wishing for a yellow christmas this year. and don't forget to tweet us. the financial times says toy makers are trembling as tots turn to tablets instead of traditional toys this holiday season. kids who don't want toys? as tots trade toys for tablets we wonder what is up with kids these days. tweet us and let us know what you think at squawk street. we have some of those answers right after this. ♪ why can't they be like we were perfect in every way ♪ hunger and diabetes.anage >>> most people are dreaming a white christmas but some are dreaming of a yellow christmas, the kind that comes in a little blue box. robert craig explains in today's million dollar minute. >> reporter: this holiday season some of the biggest gifts come in the smallest packages. yellow dia
obviously obama care is signature legislation. cornhuskers, a lot of back room deals. but after 25 days of straight debating, they did pass it on christmas eve. i guess this bill just wasn't as important. carl, back to you. >> i'll take it, rick. thank you. rick santelli. coming up next why some people are wishing for a yellow christmas this year. and don't forget to tweet us. the financial times says toy makers are trembling as tots turn to tablets instead of traditional toys this...
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Dec 31, 2012
12/12
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>> melissa, we're hearing signs of optimism about a potential deal. somewhere with an income tax threshold in the $400,000 to $500,000 range, not the $250,000 that president obama had been insisting on. although a source familiar with the talks told me a few minutes ago, if it goes between 400 and 500, democrats would get the full increase to 39.6. that is the clinton era rate, extension of unemployment benefits and increase in the estate tax. still the signs are that something is going to happen. in fact, bob corker, the senator from tennessee, was on with joe and i here from washington on "squawk box" and said there will be a deal, even if one that doesn't solve all of our long-term debt and deficit problems. here's bob corker. >> i do think there's going to be a resolve to this. the problem is, you know, we created this fiscal cliff to make some tough decisions. and none are going to be made. not one. >> so the question is going to be then, do the tough decisions on spending get made in january and february, running up to the debt limit. we'll see
>> melissa, we're hearing signs of optimism about a potential deal. somewhere with an income tax threshold in the $400,000 to $500,000 range, not the $250,000 that president obama had been insisting on. although a source familiar with the talks told me a few minutes ago, if it goes between 400 and 500, democrats would get the full increase to 39.6. that is the clinton era rate, extension of unemployment benefits and increase in the estate tax. still the signs are that something is going...
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Dec 24, 2012
12/12
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chuck wants us to do a deal like obama care where you bring in both sides and you think about all the -- you know, all the ideas from the republicans, all the ideas -- and then you adopt a bipartisan plan. >> did you read "the wall street journal" over the weekends? >> i did. >> boehner says i've given you $800 billion. >> what did it remind you of? >> that's some caddie shack. where spalding walks up to the shack and said i want a cheese birg, milkshake and fries. and his grandfather says, you'll get nothing and you will like it. you know what it reminds me of? elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was
chuck wants us to do a deal like obama care where you bring in both sides and you think about all the -- you know, all the ideas from the republicans, all the ideas -- and then you adopt a bipartisan plan. >> did you read "the wall street journal" over the weekends? >> i did. >> boehner says i've given you $800 billion. >> what did it remind you of? >> that's some caddie shack. where spalding walks up to the shack and said i want a cheese birg, milkshake...
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Dec 28, 2012
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drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding the impact on these individual stocks, as jane had pointed out in her piece, is to understand which programs might be protected, even with budget cuts that the industry is facing. the f-35, for instance, is one that might be protected. walk us through. which ones had the most protected streams of revenue? >> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that was selling to the navy for the submarine, those funds are, in fact, prot
drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding...
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Dec 24, 2012
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. >> president obama is optimistic a deal can still be reached but at the same time he acknowledged there might not be time so he scaled back his goals to focus on the middle class tax cut and extended benefits. a democrat said yesterday a larger deal would not be all that hard to reach. >> what we ought to do is take speaker boehner's last offer the president's last offer and split the difference. that would be a package of $2.6 trillion. you couple that with the 1.1 trillion that has been done that would be close to the 4 trillion to stabilize the debt and begin to bring it down. >>> and if no action is taken by the end of the year taxes go up for everyone. 2 million people lose unemployment benefits and automatic spending cuts could kick in. >> have a great christmas eve. >> oo it is time to entertain this. bethany frankel and herp husband of two years announced they are calling it quits. frankel and jason hopy say they are separating. they have a 2-year-old daughter. the hobbit staying put as number one in the box office taking in $36.7 million. jack richard debuted in second place. o
. >> president obama is optimistic a deal can still be reached but at the same time he acknowledged there might not be time so he scaled back his goals to focus on the middle class tax cut and extended benefits. a democrat said yesterday a larger deal would not be all that hard to reach. >> what we ought to do is take speaker boehner's last offer the president's last offer and split the difference. that would be a package of $2.6 trillion. you couple that with the 1.1 trillion that...
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i'm going to deal with obama i can't think of anybody because in america you know we have we have the a leg ocean and once the pacific ocean and the other side of mexico and canada we're so isolated you know it's not like paris where you know within fifteen hundred miles you get twenty three different countries and we're so isolated in america it was obama who took us through and held our hand and in the sandy hook i mean hurricane sandy and in newtown the president actually he actually brought us through that he held her hand and dragged us through and said it's going to be ok. and it was but what about social protests to mean we had the occupy movement ok do you see something like this you know coming back i mean because you kind of you went to alone this year. yeah they have vanished haven't yet which is really interesting in itself i think the point was made in you know in many ways including during the american presidential debate you know is it the forty seven percent or is it the the one percent it was interesting and i think the point was really made but at the end of the day
i'm going to deal with obama i can't think of anybody because in america you know we have we have the a leg ocean and once the pacific ocean and the other side of mexico and canada we're so isolated you know it's not like paris where you know within fifteen hundred miles you get twenty three different countries and we're so isolated in america it was obama who took us through and held our hand and in the sandy hook i mean hurricane sandy and in newtown the president actually he actually brought...
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Dec 29, 2012
12/12
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that president obama offered him then. mr. boehner wants another bite at that 2011 deal, because back then, the president was offering to stop at $800 billion in new taxes. my prediction here right now is that in a few weeks or a few months, republicans are going to wish they could go back to 2012, right now, and get the deal president obama offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the
that president obama offered him then. mr. boehner wants another bite at that 2011 deal, because back then, the president was offering to stop at $800 billion in new taxes. my prediction here right now is that in a few weeks or a few months, republicans are going to wish they could go back to 2012, right now, and get the deal president obama offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before...
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with painful austerity extreme weather headed self-help and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in effect if you want to do this for this episode here. analysts say if i go to you first in paris if there is a hierarchy of events or ideas of the year that's about to end what would they be for you. well it's got to be the presidential election for us because that was really sort of the great thing marking the. political yeah and the fact that because you were sent home by the voters so i would say that's the biggest thing this year john how about you but because i was going to say to you do you think two thousand and twelve droned along. it did go along for a lot of unfortunate people in pakistan
with painful austerity extreme weather headed self-help and obama reelected and there was no shortage of conflicts tragedies and misery around the world. to cross talk two thousand and twelve as it was i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more he's a journalist and political commentator on cross talk rules in...
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Dec 24, 2012
12/12
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thank you. >>> speaking of president obama, he attended the burial today of long-time hawaii senator, daniel inouye. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. senator inouye was the first japanese american elected to both houses of congress. he was also the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling for the holidays, meteorologists are now worried about what could be the nightmare after christmas. two new storms are moving in. we'll get the forecast in a moment, but first here's abc's john schriffen with the mess the weather is already creating. >> reporter: it's the christmas trip turned nightmare for drivers on the east and west coast. in northern california with more snow expected to blanket the sierra mountains tonight, cars are having trouble just staying on the road. >> the roads are pretty bad. there's a lot of spinouts further east. there's going to be chain control for the next two days at least
thank you. >>> speaking of president obama, he attended the burial today of long-time hawaii senator, daniel inouye. it was a 19-gun salute when the senator's coffin arrived at the national memorial cemetery of the pacific. senator inouye was the first japanese american elected to both houses of congress. he was also the second longest serving senator in american history. he was 88 years old. >> the other big story we're following tonight, with a third of all americans traveling...
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Dec 30, 2012
12/12
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president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in california wrote a poem to express her feelings saying she understood how it could happen and it got her suspended from school. we'll get her reaction coming up >>> we'll also hear from the 29-year-old surfer that used his fists and his board to save his life when a shark kept coming at him again and again. >> scary story. >>> later on, we'll switch gears and look back at the year in pop culture, from the rise of honey boo boo to the unlikely bop lairity of that catchy tune, gang ham style. >> slightly popular, wasn't it? >>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as this afternoon. many saying this entire episode represents
president obama spoke exclusively to nbc's david gregory. we are going to get a preview of what he has to say just ahead. >> it has been just two weeks since the tragedy of sandy hook elementary in connecticut. a teenager in california wrote a poem to express her feelings saying she understood how it could happen and it got her suspended from school. we'll get her reaction coming up >>> we'll also hear from the 29-year-old surfer that used his fists and his board to save his life...
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the president the united states of america barack obama. thank you everybody. not only not only was heard by barack obama but it was heard by everyone on stage even people started tweeting about it saying that you are mr joe biden you're absolutely right in the you know that guy's story or is it just me or has a bronco obama in some way been involved in almost all of the open mikes whether he's talking to someone or being talked about or it's his vice president he's you know involved in a lot of action i actually barack obama is pretty good i think i think he does work with the whole you never alone with myself i get bored in them but people does get caught in the wrong zones certainly there's talk about a guy getting caught the wrongs are not just afghanistan but well deep under the covers with one of his colleagues who wrote his autobiography general david petraeus you know the top guy there the former cia director the head of everything in afghanistan let's have a look at this just. to follow i mean it's a lot to follow and it's just you know i feel dirty ju
the president the united states of america barack obama. thank you everybody. not only not only was heard by barack obama but it was heard by everyone on stage even people started tweeting about it saying that you are mr joe biden you're absolutely right in the you know that guy's story or is it just me or has a bronco obama in some way been involved in almost all of the open mikes whether he's talking to someone or being talked about or it's his vice president he's you know involved in a lot...
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Dec 24, 2012
12/12
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well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a budget-- >> if the rates go up and another 20 billion, if you get rid of deductions, but he's increased spending 800 billion dollars a year. >> and to say that 70 to 80 billion in a budget that's 900 billion to a tral over budget. so doesn't add up. where does the other 930, 920 billion where is it going to come from? >> which is why, shibani, a lot of people say, maybe he wants to go over the fiscal cliff because he cares about maintaining that level of spending. he doesn't want to decrease spending, he wants to keep it where it is and the only way he's going to get that kind of money is by hitting eve
well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a...
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Dec 24, 2012
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. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts and improvements in patient care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer than 30 hours a week. >> we will be right back. thousands of palestinians and international tourists are visiting bethlehem to visit christmas. and to celebrate-christmas. this is live at the we will be right back. >> watching wall street, this shorter trading day. they a
. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for...
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Dec 29, 2012
12/12
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that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families and our businesses and the entire economy. but the hour for immediate action is here. it is now. >> allow me a quick moment, that press conference came after president obama met with john boehner and nancy pelosi and harry reed and mitch mcconnell and all the kree congressional leaders and listen to the president here. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again, america wonders why it is, in this town for some reason, you can't get stuff done in an organized timetable. why everything has to wait for the last minute. we are now at the last minute and the american people are not going to have any pabs for a political -- patience for a politically self-inflicted wound right now. i have to repeat, outside of washington, nobody understands how this is a repeat pattern over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit
that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families and our businesses and the entire economy. but the hour for immediate action is here. it is now. >> allow me a quick moment, that press conference came after president obama met with john boehner and nancy pelosi and harry reed and mitch mcconnell and all the kree congressional leaders and listen to the president here. >>...
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Dec 27, 2012
12/12
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president obama cutting short his christmas vacation today to continue trying to hash out a deal with congress. they have until next week to get it done before people will start to feel the pain in their paychecks. that's all of us. molly henneberg with the news now live from washington. molly? >> harris, as you were saying taxes are going up for almost everyone immediately if we go over the fiscal cliff. it likely will take a toll on already stretched family bench. take a look at the numbers from the tax policy center. for those whose taxes do go up this is the average tax hit family also take on top of what they already pay in taxes. below 10,000 they will pay an average of about $300 more. look down the chart a bit. those who make between 40 and 50,000 they will have to pay an extra $1,700 more. looking at the next set of numbers for wage earners, 50 to 75,000. they will have to find an extra $2,300 to send to washington. and if you managed to make over $200,000, if you go over that income mark, it will be a big jump up. you have to send a check to uncle sam for, on average, about
president obama cutting short his christmas vacation today to continue trying to hash out a deal with congress. they have until next week to get it done before people will start to feel the pain in their paychecks. that's all of us. molly henneberg with the news now live from washington. molly? >> harris, as you were saying taxes are going up for almost everyone immediately if we go over the fiscal cliff. it likely will take a toll on already stretched family bench. take a look at the...
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Dec 26, 2012
12/12
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obama care, they've got nothing out of it so they feel they will be hung out to dry if they do a deal. >> you know, there are so many pots and plans clattering around the chamber and what bothers me he is the lopsidedness of the debate. how about the g.o.p. for decades never said we are the ones delivering the middle class tax cuts. these are middle class tax rates that were enacted undergeorge w. bush. we own these for the middle class, not the democrats. why isn't the g.o.p. stepping up for that. >> i guess because they have no historical memory, a democrat hasn't done this since jfk. back in the early 1960's. and he got a huge amount of protest. >> clinton lowered the capital gains tax and because of that a huge boom in the stock market. >> the tax cuts barely passed at the early part of 2000. why didn't they make them permanent and we could have avoid this had kind of discussion? >> tax policies extremely difficult. they put it through the so-called reconciliation process, which doesn't require 60 votes. reconciliation laws, sunset after ten years, they're not permanent and that's
obama care, they've got nothing out of it so they feel they will be hung out to dry if they do a deal. >> you know, there are so many pots and plans clattering around the chamber and what bothers me he is the lopsidedness of the debate. how about the g.o.p. for decades never said we are the ones delivering the middle class tax cuts. these are middle class tax rates that were enacted undergeorge w. bush. we own these for the middle class, not the democrats. why isn't the g.o.p. stepping up...
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Dec 29, 2012
12/12
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white house, and "the new new deal," the hidden story of change in the obama era with bob woodward's the price of politics. i want to ask both of you, did bob woodward's most recent book get the attention most of his books get? >> my feeling is it has got initial attention, it was crowded out by the nature of the news cycle, at least to my mind, and there wasn't that many other ones that emerged after those initial one or two, the book lost some of its momentum but i'm sure bob will have an equally substantive answer on this front too. >> a standard what you are comparing it to, it was not his most commercially successful book. sera touchdown two things, the news cycle has heated up, the other factor was the topic was about the negotiations over the budget, the debt is not exactly an exciting topic for a lot of people. as opposed to his books on maneuvering in the bush white house which would have more interest. >> one thing i want to bring up tangential to these particular books but an emerging trend we saw in 2012, a lot of current events, topics are not just the domain of a larger
white house, and "the new new deal," the hidden story of change in the obama era with bob woodward's the price of politics. i want to ask both of you, did bob woodward's most recent book get the attention most of his books get? >> my feeling is it has got initial attention, it was crowded out by the nature of the news cycle, at least to my mind, and there wasn't that many other ones that emerged after those initial one or two, the book lost some of its momentum but i'm sure bob...
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Dec 28, 2012
12/12
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president obama and congressional leaders will meet later today trying to hammer out a deal on the fiscal cliff. we'll ask republican senator bob corker if a deal is likely and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >>> we also look back at the life and legacy of general norman schwarzkopf. and a double agent tells us how facebook was used to infiltrate al qaeda. >>> but we begin this morning with today's "eye opener," your world in 90 seconds. >>> the house and republican have left town. the negotiations between the president and speaker have fallen apart. you can't legislate with yourself. >>> republicans have bent over backward. we wanted an agreement, but we had no takers. >> washington scrambles to avert the fiscal cliff. >>> president obama has asked the congressional leaders to meet at the white house today. >> if they cannot reach a deal, the economists warn that could trigger another recession. >> are they going to avoid a fiscal cliff, eric? [ laughter ] as stormin' norman has died. he commanded the u.s.-led interna
president obama and congressional leaders will meet later today trying to hammer out a deal on the fiscal cliff. we'll ask republican senator bob corker if a deal is likely and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >>> we also look back at the life and legacy of general norman schwarzkopf. and a double agent tells us how facebook was used to infiltrate al qaeda. >>> but we begin this morning with today's...
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Dec 29, 2012
12/12
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president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at midnight, 12:01 a.m. today. some ceremonies were held overnight. same-sex marriage became legal in maryland on tuesday. become legal on tuesday. >>> and finally, talk about living on the edge. in massachusetts, several homes on plum island are in danger of plunging into the atlantic ocean. thursday's storms and pounding waves are threatening their foundations. two homes are so unstable the homeowners can't get inside to retrieve their belongings. >>> now, time to ginger and the weather. >> pittsburgh, getting more snow this morning. and they're about 27 of so getting up early this morning. some more cold air behind it. a
president obama is pushing lawmakers on both sides of the aisle to reach an agreement. >>> and help may be on the way for victims of hurricane sandy. the senate approved a spending bill worth $60 billion. the measure heads to the house where some lawmakers are hesitating to approve the bill in the final days of the current session. >>> and in maine, the first same-sex couples are legally exchanging vows today. the new law legalizing same-sex marriage went into effect at...
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Dec 27, 2012
12/12
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president obama comes back to washington to try to hammer out a deal with the senate, and we're hearing it may come down to the final minute of the year. >>> sticky gas pedals costing toyota $1 billion. the company's plan to put sudden acceleration allegations in their past and how you may we able to cash in on it even if you already sold your car. >>> a packed show ahead. congressman steven latourette of ohio, senator richard blumenthal of connecticut, plus the grinch. it's thursday, december 27th. "starting point" begins right now. >>> well, our starting point, a brutal winter storm battering the northeast and torturing holiday travelers all over the country. here it is on the radar. the system is expected to dump up to two feet of snow on central maine today. six states are under winter storm warnings, pennsylvania, new york, massachusetts, new hampshire, vermont, and of course maine. everyone there could see at least a foot of snow. more than 200,000 customers spanning several states are already without power. more than 1700 flights had to be cancelled yesterday, hundreds more have
president obama comes back to washington to try to hammer out a deal with the senate, and we're hearing it may come down to the final minute of the year. >>> sticky gas pedals costing toyota $1 billion. the company's plan to put sudden acceleration allegations in their past and how you may we able to cash in on it even if you already sold your car. >>> a packed show ahead. congressman steven latourette of ohio, senator richard blumenthal of connecticut, plus the grinch. it's...
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Jan 1, 2013
01/13
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CSPAN2
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court and michael gruenwald's the new new deal, the hidden story of change in the obama era along with bob woodward's the price of politics. i want to ask both of you, did up woodward's most recent book get the attention the most of his books get? >> guest: my feeling is that it got initial attention but that it was crowded out by just the nature of the news cycle happening so initially at least to my mind there were a couple of nuggets that have not been reported before that there wasn't that many other ones that emerged after the initial one or two so it lost some of its momentum. i'm sure bob will have an equally subjective answer on this front too. >> guest: i mean, there is always a standard of what you're comparing it to. bob woodward it was not his most commercially successful book. i think sarah touched on two things. one is the news cycle has -- and the other factor was the topic. it was about the negotiations over the budget, the debt and that's not exact he and exciting topic for a lot of people as opposed to his books on maneuverings in the bush white house which i think wo
court and michael gruenwald's the new new deal, the hidden story of change in the obama era along with bob woodward's the price of politics. i want to ask both of you, did up woodward's most recent book get the attention the most of his books get? >> guest: my feeling is that it got initial attention but that it was crowded out by just the nature of the news cycle happening so initially at least to my mind there were a couple of nuggets that have not been reported before that there wasn't...
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Dec 29, 2012
12/12
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KPIX
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for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal spending or tax code reform. it won't even include across the board spending cuts. it will focus on tax rates and a few spending items. >> that's the bearare minimum we should be able to get done. >> sidelined for now. house speaker john boehner. as they left they sounded like they were closing in on a compromise. >> think it was a very positive meeting. there was not a lot of hilarity in the meeting. everyone knows how important it is. >> we'll be working hard to try to see if we can get there in the next 24 hours, and so i'm hopeful and optimistic. >> the president said the american public is getting frustrated and losing patience with these last-minute negotiations. he says the least congress can do is protect most american tax pairs from rising tax rates due to take eff
for the first time in weeks president obama reported genuine progress to averting some part of the so-called fiscal cliff. >> i'm modestly in agreement we'll achieve. >> they're now chasing a much smaller deal than originally sought. the final product if there is one will not include trillions in debt reduction or federal spending or tax code reform. it won't even include across the board spending cuts. it will focus on tax rates and a few spending items. >> that's the bearare...
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Dec 26, 2012
12/12
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KGO
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. >>> also this morning, it's back to business for president obama. he's cutting short his hawaiian vacation, to return to washington. hoping to strike a last-minute deal to avoid the fiscal cliff. >>> plus, deep discounts. if you're not sick of the mall just yet, you're going to find some great sales today. why a loss for retailers could be your gain. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger put a dog-napped
. >>> also this morning, it's back to business for president obama. he's cutting short his hawaiian vacation, to return to washington. hoping to strike a last-minute deal to avoid the fiscal cliff. >>> plus, deep discounts. if you're not sick of the mall just yet, you're going to find some great sales today. why a loss for retailers could be your gain. >>> and the holiday homecoming. one family never imagined was possible. how a chance encounter by a caring stranger...
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Dec 28, 2012
12/12
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. >> they debate the status of reaching a deal on the fiscal cliff. senator mcconnell mountains a phone call received from president obama while he was in hawaii. this is 15 minutes. >> you will excuse me if i am frustrated in the situation i find myself in. president obama, self and others and asked if there was something we could do to avoid in the fiscal clef. we have been asking the president and the democrats to work with us on a bipartisan agreement for months. a plan that would simplify the tax code, st. the deficit, protect the tax payers, and put the economy. democrats consistently rejecting the offer is. the president chose instead to spend time on the campaign trail. this was after he got reelected. a congressional democrats said on their hands. we have stepped away out of our comfort zone. we wanted an agreement. we had no takers. the phone never rang it. here we are five days after the new year and we might finally start talking. democrats have had a year to put forward a balanced bipartisan proposal. if they had something that fixed the
. >> they debate the status of reaching a deal on the fiscal cliff. senator mcconnell mountains a phone call received from president obama while he was in hawaii. this is 15 minutes. >> you will excuse me if i am frustrated in the situation i find myself in. president obama, self and others and asked if there was something we could do to avoid in the fiscal clef. we have been asking the president and the democrats to work with us on a bipartisan agreement for months. a plan that...
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Dec 24, 2012
12/12
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we have seen in the past that obama had to cut a deal in order to get those extensions. host: what specific benefits to these programs provide? guest: the usual weekly cash payout is about $300 a week. sometimes it can vary. in mississippi i want to say it is closer to do hundred dollars. host: how are the programs usually bonded? guest: there funded by payroll taxes. the state administers the programs and the money goes to the unemployed. host: talk about what qualifications people have to meet in order to apply. guest: generally you have to have basically a year of earnings. the earnings have to be a certain threshold. you have to have been let go from a job. it is not like you can just wore mauve and a cloud of anger and qualify for benefits. if you have been working at the mill 14 years, and lose your job and a layoff, it is pretty easy to get benefits. host: we have some of those qualifications a person must meet on the screen there. for people who have lost the job of no fault of their own, explain what that means. guest: you have to be laid off, and there is a dif
we have seen in the past that obama had to cut a deal in order to get those extensions. host: what specific benefits to these programs provide? guest: the usual weekly cash payout is about $300 a week. sometimes it can vary. in mississippi i want to say it is closer to do hundred dollars. host: how are the programs usually bonded? guest: there funded by payroll taxes. the state administers the programs and the money goes to the unemployed. host: talk about what qualifications people have to...
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Dec 31, 2012
12/12
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CNNW
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we think there will be a deal. some say they think there will be a vote. some say they think we're going over the cliff. listening to president obama in a rare sunday show interview yesterday, he's obviously making it known, if we do go over the cliff, he is prepared to point the finger at republicans. here's what he said. >> all right. so we're struggling to bring you that sound, but basically he was saying that republicans are trying to protect the wealthy when it comes to taxes. and to that point, ali, we do have new information about where the proposal stands at this point according to democratic sources. they have actually gone up to saying $450,000, the first $450,000 of income, that would be protected from a tax increase. so that's higher, obviously, than what the president's starting point was, which was $250,000, and even higher than where he ended in his sort of discussions with speaker boehner about a larger deal. he was at 400 there. obviously, republicans want higher than that. we'll see where that number comes out. >> it's valid to say someth
we think there will be a deal. some say they think there will be a vote. some say they think we're going over the cliff. listening to president obama in a rare sunday show interview yesterday, he's obviously making it known, if we do go over the cliff, he is prepared to point the finger at republicans. here's what he said. >> all right. so we're struggling to bring you that sound, but basically he was saying that republicans are trying to protect the wealthy when it comes to taxes. and to...
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Dec 26, 2012
12/12
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FOXNEWSW
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president obama said he will come back early to work on a fiscal deal. lawmakers will be able to reach a deal. if there is a deal it will be a slight economic improvement . failing to reach a deal means massive tax hikes and spending cuts. oil prices dropped over concerns about the cliff. >> i take a sip of coffee. >> voting in favor and banning americans from adopting russian children x. goes to vladimir putin. it is part of a pressure of angry lawmakers retailiating and call would for sanctions against russians. its like no senate run in ben affleck's future. he will not run for john kerry's senate seat. he said he's staying out of the political ring. heart warming video of a alabama football fan getting a christmas gift he will never forget. we are going to the game. that's great. danual buchanan surprising his father to a bcs title game . the game is january 7th. >> best gift ever i think. >> it is bigger if it is notre dame. >>> and that is true. >> video from amarillo, texas. noble texas in the texas panhandle with four inches reported . cross i-40
president obama said he will come back early to work on a fiscal deal. lawmakers will be able to reach a deal. if there is a deal it will be a slight economic improvement . failing to reach a deal means massive tax hikes and spending cuts. oil prices dropped over concerns about the cliff. >> i take a sip of coffee. >> voting in favor and banning americans from adopting russian children x. goes to vladimir putin. it is part of a pressure of angry lawmakers retailiating and call would...
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Dec 27, 2012
12/12
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KPIX
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obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant starbucks is asking employees in approximately 120 washington area cafes to write the words "come together" on cups for drink orders. >> we just wanted to have a subtle message of coming together and everyo
obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that...
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Dec 31, 2012
12/12
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he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally granted but now is continued until the 29. host: thank you for joining us unsell -- thank you for joining us from california. the house republican whip sent out a memo earlier this afternoon saying that we do expect to have a series of votes later this afternoon. "today's schedule remains very fluid. members are advised to remain close to the capitol. please stay as flexible as possible as we move through the day. i will do my best to keep you updated." that is from the house republican whip. the house stands in recess at the moment. within the last half hour, th
he created the debt that was left for president obama to deal with. so for republicans to throw their hands up in the air to say they have no claim to any portion of this debt is completely ridiculous. host: ok. sure. caller: i am unemployed. i have been unemployed for the last several months. i am a financial controller by trade. it is extremely difficult to find employment. i would truly appreciate for something to be settled today to it least give me my additional benefits i was originally...
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Dec 29, 2012
12/12
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CNNW
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and the majority leader to come up with a deal to troy to avoid falling over the fiscal cliff. want to bring in brian monroe, editor of cnn politics.com from san antonio, texas. brian, we all know what's at stake, especially that immediate 2% payroll tax increase in everyone's first paycheck of the year. it seems that the president used his bully pulpit to strongly encourage senators to get to work by sending a not so veiled message to themand their constituents. let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. the economy's growing. but sustaining that trend is going to require elected officials to do their jobs. >> o'brien, as we mentioned, you're there deep in t
and the majority leader to come up with a deal to troy to avoid falling over the fiscal cliff. want to bring in brian monroe, editor of cnn politics.com from san antonio, texas. brian, we all know what's at stake, especially that immediate 2% payroll tax increase in everyone's first paycheck of the year. it seems that the president used his bully pulpit to strongly encourage senators to get to work by sending a not so veiled message to themand their constituents. let's listen. >> the...
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Dec 27, 2012
12/12
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FOXNEWSW
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and so whether you're deal -- what you're doing with obama is not just the expiration of the bush tax cuts, but obama tax goes into effect as well. the cap gains rate will go up 58% and this is going to lose revenue rather than gain revenue just as it has in the past. similarly, the tax increase on dividends. if the bush tax cut expires, along with the obamacare tax increase, the tax rate on dividends is going to increase -- actually triple. when bush cut the tax rate on dividends, dividends pay soared and so did the taxes napad on them as a result. if you reverse that tax cut and put the obamacare tax on top, dividends are going to collapse and so are the revenues that government will collect from the dividends. you'll have a similar result as you had in 1990 where they increased rather than declined. >> clayton: do we not learn from our history? this seems like it's just repeating all over again. politicians aren't aware of their history here and what we could go through again. we know what 1991 and 1992 looked like with that recession. it was hard. >> the tax increases we're talkin
and so whether you're deal -- what you're doing with obama is not just the expiration of the bush tax cuts, but obama tax goes into effect as well. the cap gains rate will go up 58% and this is going to lose revenue rather than gain revenue just as it has in the past. similarly, the tax increase on dividends. if the bush tax cut expires, along with the obamacare tax increase, the tax rate on dividends is going to increase -- actually triple. when bush cut the tax rate on dividends, dividends...
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Dec 24, 2012
12/12
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KPIX
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much of the talk in congress on sunday focused on who's to blame for the lack of a deal. there are eight days left for lawmakers to head off mandatory budget cuts and tax hikes, and nancy cordes is in honolulu where president obama is having his christmas vacation. nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff. there are no major discussions going on right now about what to do now that talks between the president and the speaker appear to have stalled. in fact, the president and senate majority leader harry reid were both here in honolulu yesterday for the funeral of hawaii senator daniel inouye. we're told they didn't really discuss what to do next. before he left washington the president urged leaders to craft a sort of scaled down plan that simply extends the bush tax rates for the middle class and extends long-term unemployment benefits for another year. but, jeff and rebecca, it's really unclear whether even a package like that
much of the talk in congress on sunday focused on who's to blame for the lack of a deal. there are eight days left for lawmakers to head off mandatory budget cuts and tax hikes, and nancy cordes is in honolulu where president obama is having his christmas vacation. nancy, good morning. >> reporter: good morning to you, rebecca. it's almost as if the president and congressional leaders have called a sort of time-out when it comes to the fiscal cliff. there are no major discussions going on...
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Dec 26, 2012
12/12
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KGO
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but president obama is cutting short his christmas vacation. he is leaving hawaii tonight, so that he can be back in washington when congress reconvenes tomorrow. and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. but lawmakers are expressing very little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a major u.s. base in eastern afghanistan. three afghans, including a guard at camp chatman were killed in today's explosion. >>> and back here at home, former major league baseball player andruw jones is free on bond this morning. he was arrested near atlanta early christmas morning on a battery charge, after police responded to a call about a domestic dispute with his wife. >>> and netflix, they are
but president obama is cutting short his christmas vacation. he is leaving hawaii tonight, so that he can be back in washington when congress reconvenes tomorrow. and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. but lawmakers are expressing very little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine...
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Dec 28, 2012
12/12
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KPIX
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and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could affect ports from boston to houston. >>> for the second time this month a man has been pushed to his death in the path of a new york subway train. >> crazy people running the streets. >>> an uninvited guests slithered into a backyard in florida. >> somebody else got the shower on the sideline. >> jamal crawford who i think should be an all-star coming off the bench is dangerous. be still. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like
and lawmakers cannot reach a deal economists warn that could trigger another recession. >> are they going to avoid the fiscal cliff, eric? >> the gulf war general known as stormin' norman has died. gen malnorman shwards cop of dread the coalition that drove saddam hussein's forces out of kuwait. >> the monster storm system finally moved out but some are bracing for another round of snow. >> more than 14,000 longshoremen are planning to strike on sunday the walk-out could...
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Dec 24, 2012
12/12
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FOXNEWSW
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do you blame only president obama or are you also blaming john boehner to a certain extent? >> i guess you have to blame everybody. i didn't like the fact that they went in for a vote the other day and didn't have the vote. that didn't look good for anybody. and it certainly didn't look good for the republicans. the democrats loved it. but that was a momentary -- that was just a time in place. look, the republicans are sitting there with a nuclear weapon, so to speak. they have debt ceiling coming up. they can use that as part of this negotiation. and they should. and they shouldn't settle unless the deal is a great deal for this country. not for the republicans or democrats. unless it's a great deal for the country. we have to straighten this country out. this country is a mess. and we have no leadership and we have to straighten it out now and stop talking. whether they go on vacation or not, not good. sends a bad signal, but we have to straighten this country out and shouldn't do plan b -- they're all temporary. we should do the final plan or no plan. go over the cliff if
do you blame only president obama or are you also blaming john boehner to a certain extent? >> i guess you have to blame everybody. i didn't like the fact that they went in for a vote the other day and didn't have the vote. that didn't look good for anybody. and it certainly didn't look good for the republicans. the democrats loved it. but that was a momentary -- that was just a time in place. look, the republicans are sitting there with a nuclear weapon, so to speak. they have debt...